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Friday, March 15, 2013

It Took Democrats Four Years To Produce A 'Budget' That Taxes More And Spends More

By Susan Duclos

Well the good news is that Senate Democrats have finally produced a budget plan after refusing to do their job for four years.

The bad news, according to the vice president of Public Policy and Communications for Americans for Limited Government, Rick Manning, is their plan is the same old tax and spend type proposal that Democrats are famous for.

“Testimony from [Budget] Committee staff clearly established that
compared to current law, their alleged deficit reduction is nowhere
close to $1.85 trillion, and by their own admission, is actually only
about $700 billion. Removing gimmicks like the war savings accounting
trick, the true deficit reduction is only around $300 billion —
drastically less than the majority advertises to the nation. That is
why, despite a $1.5 trillion tax increase, their budget still make no
alteration to our unsustainable debt path.”

In fact, under the
Senate Democratic budget, total annual outlays (spending) rise by $2.1
trillion over the next 10 years, a 61 percent increase. At the same
time, taxes would go up for the 50 percent of working-age Americans who
still pay them.

And they’re not talking small tax increases, but
a massive $1.5 trillion. But that’s not all, because it doesn’t count
$600 billion in new taxes imposed in January and the $1.1 trillion in
new ObamaCare taxes slated to go into effect.

These three tax
increases combined equal more money than the United States government
has ever collected in a single year. And this is on top of existing
taxes.

The most concerning part of the Democrats' budget proposal is that despite our national debt being over $16 trillion, $6 trillion accrued in just the last four years, and running $1 trillion deficits for four straight years while being on par to run another trillion dollar deficit this year, Democrats claim this is a serious budget proposal.

Took four years to produce a plan that encapsulates the "tax and spend" theme that has become associated with Democrats for decades.